Under the terms of the transfer agreement between Stratex and Anadolu (announcement dated 2 February 2015), the licence has been transferred to Anadolu, which has accepted all financial liability for the licence and is funding a resource-drilling programme up to US$1.5 million. Subject to Anadolu delivering a minimum JORC 2012-compliant Indicated Resource of 50,000 ounces gold, it is required to pay Oriole Resources a one-off cash payment of US$500,000.

Oriole Resources also retains a 1.5% net smelter returns royalty on any future mineral production. The completion date for the investment and resource definition was originally targeted for 2 February 2017 but delays in permitting have extended this. The first stage of permitting – to allow hydrogeological boreholes and road access – was granted to Anadolu on 27 November 2017 and Anadolu expects infill drilling to commence in Q1 or Q2-2018, depending on weather conditions.